OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 84.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,612,786 shares of the bank's stock after acquiring an additional 1,193,556 shares during the period. Itaú Unibanco accounts for 1.0% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's portfolio, making the stock its 26th largest position. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Itaú Unibanco were worth $12,959,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in ITUB. Franklin Resources Inc. grew its stake in shares of Itaú Unibanco by 1.8% during the fourth quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock worth $140,812,000 after acquiring an additional 489,873 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Itaú Unibanco by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock worth $338,016,000 after acquiring an additional 2,604,304 shares during the period. Haven Global Partners LLC acquired a new stake in Itaú Unibanco during the 4th quarter worth about $3,284,000. Walleye Capital LLC grew its stake in Itaú Unibanco by 5,310.8% during the 4th quarter. Walleye Capital LLC now owns 783,968 shares of the bank's stock valued at $3,888,000 after purchasing an additional 769,479 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Itaú Unibanco by 3.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank's stock valued at $196,705,000 after purchasing an additional 1,286,014 shares during the last quarter.
Itaú Unibanco Stock Performance
Shares of NYSE:ITUB traded up $0.09 during trading on Friday, hitting $6.73. The stock had a trading volume of 40,924,371 shares, compared to its average volume of 24,809,234. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.73. The stock has a market capitalization of $72.56 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 0.89 and a beta of 0.76. The stock has a 50-day simple moving average of $5.82 and a two-hundred day simple moving average of $5.33.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. The company had revenue of $7.93 billion during the quarter, compared to analyst estimates of $43.07 billion. On average, equities research analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.
Itaú Unibanco Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 6th will be given a dividend of $0.0024 per share. The ex-dividend date is Monday, May 5th. This represents a yield of 0.46%. Itaú Unibanco's dividend payout ratio is presently 2.82%.
About Itaú Unibanco
(
Free Report)
Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.
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